By Lisa Prevost | The New York Times
Bulk purchases of single-family homes by hedge funds and private-equity firms have been the focus of media attention over the past few years, but individual investors are also showing interest in the market, albeit with less vigor as home prices rise.
HomeVestors, a network of real estate investors known for its “We Buy Ugly Houses” signs, has experienced “unprecedented interest” over the past two years, said David Hicks, a company president. Franchisees, in 120 markets in 40 states, pay cash for homes usually in need of work, fix them up and resell them.
